GCA Altium is now part of Houlihan Lokey

Transaction Details

July 21, 2021


Technology, Business Services

Deal Type


Deal Team

Oliver Vaughan, James Craven, Arthur Callaghan, Jamie Noble, Richard Clark, Shane Dulabdas, Arush Manchanda

GCA Altium advises TNP on its sale to Node4

GCA Altium acted as exclusive financial advisor to The Nav People (“TNP”), a leading Microsoft Dynamics 365 partner, on its sale to Node4.

TNP sells, implements and supports business solutions based on Dynamics 365 Business Central, Power Apps and Power BI. The largest pure-play Microsoft partner in the UK in this market segment, TNP is based in the UK with offices in Newbury and Manchester, as well as operating a support and development facility in Portugal.

FPE invested in TNP in 2018 and through significant investment into the team, product and sales capability, TNP has driven growth of over 400% in profitability as the business leveraged technical leadership in the high growth area of Microsoft ERP.

Node4 is a leading provider of advanced, cloud-led digital transformation solutions to businesses across the UK. Backed by Providence Equity Partners, Node4 has achieved strong organic growth through significant new customer wins and the provision of an expanding range of information and communication solutions to its existing customers.

The combination of Node4’s expertise in cloud hosting and TNP’s powerful position in the Microsoft ecosystem will create a highly complementary platform that will provide an integrated, end-to-end customer experience, with cloud-led solutions that improve productivity and increase agility.

Paul White, Executive Chairman of TNP, commented: “This announcement is another exciting development in the TNP story. We are very excited about moving forward with Node4 and Providence for the next stage of TNP’s journey and are very grateful for the excellent support provided by GCA Altium along the way. The team provided invaluable strategic advice and guidance throughout the process.”

Henry Sallitt, Managing Partner at FPE Capital, also commented: “The sale of our investment in TNP to Node4 is great recognition of the journey to create a market leading business. It has been a great experience working with the TNP leadership team over the last three years and we congratulate them and all the employees on their successful combination with Node4. We’d like to thank the GCA Altium team for their advice throughout the process. Their hard work helped us achieve a fantastic result and delivered a great partner for TNP’s future.”

Oliver Vaughan, Managing Director at GCA Altium, added: “It was a pleasure working with FPE and the team at TNP. We’re really pleased to have helped them achieve such a great result and look forward to watching the combined business succeed.”

The financial details of the transaction were not disclosed.

This represents the 18th transaction in Europe for GCA Altium in the tech-enabled services sector so far in 2021.

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